Envestnet Asset Management Inc. Sells 29,225 Shares of Paysafe Limited (NYSE:PSFE)

Envestnet Asset Management Inc. cut its position in Paysafe Limited (NYSE:PSFE - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,081 shares of the company's stock after selling 29,225 shares during the period. Envestnet Asset Management Inc.'s holdings in Paysafe were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Paysafe by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company's stock worth $11,869,000 after buying an additional 91,592 shares in the last quarter. Private Management Group Inc. purchased a new stake in Paysafe during the fourth quarter valued at $8,489,000. Foundry Partners LLC lifted its holdings in shares of Paysafe by 39.8% in the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock valued at $5,809,000 after acquiring an additional 96,708 shares during the last quarter. Empowered Funds LLC increased its stake in Paysafe by 5.1% during the fourth quarter. Empowered Funds LLC now owns 250,604 shares of the company's stock worth $4,285,000 after acquiring an additional 12,156 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Paysafe during the fourth quarter valued at approximately $1,944,000. 54.39% of the stock is currently owned by institutional investors.

Paysafe Trading Up 1.0 %

Shares of NYSE PSFE opened at $15.53 on Monday. Paysafe Limited has a twelve month low of $13.01 and a twelve month high of $26.25. The business has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $18.15. The firm has a market cap of $930.06 million, a PE ratio of -40.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.91. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76.

Paysafe (NYSE:PSFE - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The company had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Analysts expect that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PSFE. Susquehanna lowered their target price on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Bank of America reduced their price target on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a report on Monday, March 10th. Finally, UBS Group boosted their price objective on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.

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